A massive push by China’s biggest banks to boost capital amid the worst downturn in at least a decade faltered out of the gate.Industrial & Commercial Bank of China Ltd. slashed a planned bond sale…
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The Export-Import Bank’s China Program Lacks Vision
Industrial policy that uses tariffs and subsidies to pick economic winners is once again in vogue among intellectuals. The rationale is to prevent China from “dominating” the global market with … ( read original story…
Bacterial outbreak infects thousands after factory leak in China
Several thousand people in northwest China have tested positive for a bacterial disease, authorities said on Tuesday, in an outbreak caused by a leak at a biopharmaceutical company last year. ( read original story …)
ByteDance rival Kuaishou aims to raise up to $5 billion in HK IPO: sources
Chinese online short video start-up Kuaishou aims to raise up to $5 billion in a Hong Kong initial public offering (IPO) as early as January, people with direct knowledge of the matter said, gearing ……
Jack Ma’s Ant faces new rules as it aims to be world’s largest IPO
China’s largest provider of online consumer loans needs to limit the use of asset-backed securities to fund quick personal lending … ( read original story …)
Global report: China locks down border city in response to two Covid cases
China has locked down a city on its border with Myanmar and launched a campaign to test the city’s entire population of more than 200,000 people. Officials in Ruili in Yunnan province said the city…
U.S.-China Investment Flows Slide to Nine Year-Low as Bilateral Tensions Escalate
Investment, both direct investment by companies and venture capital flows, between the two countries fell 16.2% to $10.9 billion in January-June from the same period a year earlier – also hurt by the … (…
UPDATE 1-ByteDance rival Kuaishou aims to raise up to $5 bln in HK IPO -sources
Chinese online short video start-up Kuaishou aims to raise up to $5 billion in a Hong Kong initial public offering (IPO) as early as January, people with direct knowledge of the matter said, gearing ……
‘Whistleblower’ Claiming China Created Covid-19 Coronavirus Has Ties To Steve Bannon
Lack of real scientific evidence has been the big hole in ongoing conspiracy theories that claim that the Covid-19 coronavirus was actually manufactured by China. As I wrote previously for Forbes, … ( read original…
Standard Chartered CEO says Hong Kong is ‘very, very safe’ as a banking center
“The fact is Hong Kong is sitting here as the gateway to China for capital into China and out of China. That’s only become more clear,” said StanChart’s CEO Bill Winters. ( read original story…
China’s Sinovac to test coronavirus vaccine candidate in teenagers, children
Chinese vaccine maker Sinovac Biotech plans to start a clinical trial of its experimental coronavirus vaccine with children and adolescents later this month, widening its test on a shot that’s already … ( read original…
China remains ‘hugely important’ to the global economy, says Standard Life Aberdeen chairman
Geopolitical tensions between China and other countries can present new challenges for businesses, but the Asian giant’s role in the world has not diminished, said Douglas Flint, chairman of Standard … ( read original story…
Jack Ma’s Ant Group Hit by Flurry of New Rules Ahead of Mega IPO
Ant Group was dealt another blow by yet more regulations to contain risks in the country’s burgeoning online lending industry as Jack Ma’s financial technology giant prepares for its initial public … ( read original…
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